Question: 1 . Opal Inc. is a profitable MNC that has generated the following earnings from its subsidiaries: Subsidiary A: 1 0 , 0 0 0

1. Opal Inc. is a profitable MNC that has generated the following earnings from its subsidiaries: Subsidiary A: 10,000,000 Argentine Pesos Subsidiary B: 15,420,000 Hong Kong Dollars Subsidiary C: 5,000,000 Euros
What is the total amount of earnings that Opal will be able to report in dollars from its 3 subsidiaries?
$0.2215 per Argentine Peso
$1.00=7.7585 Hong Kong Dollars
1.2468(USD/EUR)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

The discussion will focus on management decision-making and control in two companies, American corporation Amazon.com, Inc. and Chinese company Alibaba Group Holding Limited. Decision-making and...

Q:

Regarding Enron, this was a company that resulted in the creation of the Sarbanes-Oxley Act and many reforms to the accounting profession Ratio Analysis. Using the 2000 Enron 10-K, calculate 2 years...

Q:

Please fill in this table using the annual report attached. 2015 Annual Report Dear Shareholder, PMI delivered a very strong performance in 2015, despite an increasingly complex business environment,...

Q:

Hi! I need help for this assignment, please let me know if WEEK 6 WILEYCPA Ownership of 51% of the outstanding voting stock of a company would usually result in The use of the cost method. The use of...

Q:

Hi Sara, Please find my attachments for your information. Thank you Masoumeh P 3-2 P 3-2 The following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is...

Q:

Hi Sara, Please find my attachments for your information. Thank you Masoumeh P 3-2 P 3-2 The following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is...

Q:

Hi Sara, Please find my attachments for your information. Thank you Masoumeh P 3-2 P 3-2 The following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is...

Q:

I have a attached a copy of the data used to answer the question Prepare a 2007 classified balance sheet and multistep income statement. Use the account balances from the unadjusted trial balance and...

Q:

4. Using the financial ratios provided by eVal, evaluate any trends in Royal Caribbean?s return on equity, compare it with Carnival Cruise?s return on equity, and discuss the main causes of any...

Q:

Using the Annual Report of your selected company answer the following questions in the Discussion: What are adjusting entries and why are they necessary? In your chosen company, which accounts might...

Q:

European call option and put option on IBM stock have the same strike price and same time to maturity. Now, the price of the call is $3.35 and the price of the put is $0.85. One minitues later, news...

Q:

Required: Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, Year 1 Cost of goods sold Cost of goods available for sale Cost of...

Q:

Question 3 1 1 pts True or False? To calculate a GST / HST payment, take the total GST / HST charged on sales less minus the GST / HST amount paid on purchases and expenses. True False

Q:

Pharoah Company reported the following amounts for 2022: Raw materials purchased $95,200 Beginning raw materials inventory 5,824 Ending raw materials inventory 5,040 Beginning finished goods...